Singapore debt listings Tuesday: DBS Bank, CK Hutchison, Mapletree Logistics, IOI Investment, Globe Telecom

DBS ATM in SingaporeDBS ATM in Singapore

These are entities which announced debt listing confirmations in Singapore on Tuesday 2 November 2021: DBS Bank, CK Hutchison Europe Finance, Mapletree Logistics Trust, IOI Investment, PT Tower Bersama Infrastructure, Agricultural Development Bank of China, Globe Telecom and Crystal Idea Group.

DBS Bank

DBS Bank said Tuesday its A$30 million 2.95 percent fixed-rate callable notes due 2051 (ISIN code: X2309283807) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Australian dollars, will be in denomination of A$30 million, with a minimum board lot size of A$100,000, with a minimum of 300 lots to be traded in a single transaction, the bank said in a filing  to SGX.

The lead manager and bookrunner of the notes is DBS Bank, the filing said.

Mapletree Logistics Trust

HSBC Institutional Trust Services (Singapore) in its role as trustee of Mapletree Logistics Trust, said Tuesday its S$400 million 3.725 percent perpetual securities (ISIN code: SGXF77555013) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Singapore dollars, will be in denomination of S$250,000, which is also the minimum board lot size, the trust said in a filing to SGX.

The lead managers and bookrunners of the notes are DBS Bank and OCBC, the filing said.

Read more: UPDATE: Mapletree Logistics Trust sets pricing of S$400M perpetual securities

CK Hutchison Europe Finance

CK Hutchison Europe Finance said Tuesday its 500 million euro 0.75 percent guaranteed notes due 2029 (ISIN code: XS2402178300) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in euro, will be in denomination of 100,000 euro, with a minimum board lot size of 200,000 euro, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets, Credit Agricole Corporate and Investment Bank, HSBC, ING Bank, Intesa Sanpaolo and Morgan Stanley & Co. International, the filing said.

CK Hutchison Europe Finance, which is a wholly owned subsidiary of CK Hutchison, is a special purpose entity for issuing debt securities; the notes will be guaranteed by CK Hutchison Holdings, Fitch Ratings said.

CK Hutchison Europe Finance

CK Hutchison Europe Finance said Tuesday its 500 million euro 1 percent guaranteed green notes due 2033 (ISIN code: XS2402178565) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in euro, will be in denomination of 100,000 euro, with a minimum board lot size of 200,000 euro, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets, Credit Agricole Corporate and Investment Bank, HSBC, ING Bank, Intesa Sanpaolo and Morgan Stanley & Co. International, the filing said.

Agricultural Development Bank of China

Agricultural Development Bank of China said Tuesday its 1.75 billion yuan 2.9 percent bonds due 2024 (ISIN code: HK0000778198) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Chinese yuan, will be in denomination of 1 million yuan, with a minimum board lot size of 500,000, with a minimum of two lots in a single transaction, the bank said in a filing to SGX.

The lead managers and bookrunners of the notes are Bank of China, Bank of China (Hong Kong), Standard Chartered Bank, Bank of Communications’ Hong Kong branch, Agricultural Bank of China’s Hong Kong branch, China Construction Bank (Asia) Corp., SPDB International Capital, CLSA, Industrial and Commercial Bank of China (Asia), CMB Wing Lung Bank, China International Capital Corp. Hong Kong Securities, DBS Bank, Credit Agricole Corporate and Investment Bank, Mizuho Securities Asia, KGI Asia and CTBC Bank, the filing said.

Agricultural Development Bank of China is the sole agriculture-focused policy bank in China, providing financing to acquire agriculture good and rural development projects, according to Fitch Ratings. The bank is 100 percent state-owned.

Agricultural Development Bank of China

Agricultural Development Bank of China said Tuesday its 1.7 billion yuan 3.05 percent bonds due 2026 (ISIN code: HK0000778206) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Chinese yuan, will be in denomination of 1 million yuan, with a minimum board lot size of 500,000, with a minimum of two lots in a single transaction, the bank said in a filing to SGX.

The lead managers and bookrunners of the notes are Bank of China, Bank of China (Hong Kong), Standard Chartered Bank, Bank of Communications’ Hong Kong branch, Agricultural Bank of China’s Hong Kong branch, China Construction Bank (Asia) Corp., SPDB International Capital, CLSA, Industrial and Commercial Bank of China (Asia), CMB Wing Lung Bank, China International Capital Corp. Hong Kong Securities, DBS Bank, Credit Agricole Corporate and Investment Bank, Mizuho Securities Asia, KGI Asia and CTBC Bank, the filing said.

Agricultural Development Bank of China

Agricultural Development Bank of China said Tuesday its 550 million yuan 3.35 percent bonds due 2031 (ISIN code: HK0000778214) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Chinese yuan, will be in denomination of 1 million yuan, with a minimum board lot size of 500,000, with a minimum of two lots in a single transaction, the bank said in a filing to SGX.

The lead managers and bookrunners of the notes are Bank of China, Bank of China (Hong Kong), Standard Chartered Bank, Bank of Communications’ Hong Kong branch, Agricultural Bank of China’s Hong Kong branch, China Construction Bank (Asia) Corp., SPDB International Capital, CLSA, Industrial and Commercial Bank of China (Asia), CMB Wing Lung Bank, China International Capital Corp. Hong Kong Securities, DBS Bank, Credit Agricole Corporate and Investment Bank, Mizuho Securities Asia, KGI Asia and CTBC Bank, the filing said.

IOI Investment

IOI Investment said Tuesday its US$300 million 3.375 percent notes due 2031 (ISIN code: XS2399889976) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Credit Suisse (Singapore), SMBC Nikko Securities (Hong Kong), and Standard Chartered Bank (Singapore), the filing said.

IOI Investment is a wholly owned subsidiary of IOI Corp., which cultivates and processes palm oil.

Globe Telecom

Globe Telecom said Tuesday its US$600 million 4.2 percent senior perpetual capital securities (ISIN code: XS2399476972) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are HSBC, J.P. Morgan Securities PLC, BPI Capital Corp. and China Bank Capital Corp., the filing said.

Globe Telecom is a Philippine telecom operator; it has the country’s largest mobile networks.

PT Tower Bersama Infrastructure

PT Tower Bersama Infrastructure said Tuesday its US$400 million 2.8 percent senior unsecured notes due 2027 (ISIN code: XS2390472624) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the notes are Barclays Bank’s Singapore branch, BNP Paribas, Credit Agricole Corporate and Investment Bank’s Singapore branch, DBS Bank, HSBC’s Singapore branch, Mizuho Securities Asia, OCBC, UOB, ANZ Banking Group, CIMB Bank’s Singapore branch, MUFG Securities Asia’s Singapore branch and SMBC Nikko Securities (Hong Kong), the filing said.

PT Tower Bersama Infrastructure, also known as TBG, is one of Indonesia’s largest telecom tower providers.

Crystal Idea Group

Crystal Idea Group said Tuesday its HK$3.11 billion 2.25 percent guaranteed convertible bonds due 2022 (ISIN code: XS2401670349) would be listed on SGX’s bond market on Wednesday.

The notes, which will trade in Hong Kong dollars, will be in denomination of HK$2 million, with a minimum board lot size of HK$200,000, with a minimum of 10 lots, the company said in a filing to SGX.

The lead manager and bookrunner of the notes is Morgan Stanley & Co. International PLC, the filing said.

Crystal Idea Group is a subsidiary of property developer Shimao Services, based in Hong Kong.

 

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